Naresh and Anita Goyal had resigned from the board of Jet Airways, in March following a debt restructuring plan.
The couple was to travel by Dubai-bound Emirates flight EK 507 when the immigration authority denied them permission to fly, they said.
It is important to keep family members in the loop about the financial situation.
A revival of Jet Airways will bring back at least 10,000 jobs and also push the aviation sector, which has slowed down
Executives from the Hinduja Group and Etihad Airways met on May 23 in Abu Dhabi to work out the contours of a deal
Jet Airways tanked over 8 percent intraday on Friday after reports pointed out that Hinduja Group and Etihad Airways have failed to strike a deal to buy stake in the cash-strapped airlines.
The domestic passenger traffic remained on an upswing between July 2013 and March 2019, after witnessing year-on-year de-growth in June 2013.
Jet Airways, which has around 22,000 employees, has not paid its staff salaries since March.
The piece tries to highlight what it calls the Indian aviation sector’s beleaguered state and on this edition of Digging Deeper, we will try and focus on just that.
Etihad Airways, along with the Hinduja Group, has joined hands with AdiGro Aviation and Jet Airways founder Naresh Goyal to revive the Indian airline, which suspended operations on April 17.
The government had decided that Air India would get half of Jet's slots on high-demand routes and the rest would be given to carriers ranked on the basis of flight frequency.
The London-based conglomerate has received the approval of key stakeholders of the Jet Airways, including founder Naresh Goyal and Etihad Airways
The protests come amid the State Bank of India-led consortium of lenders struggling to find a buyer for the airline which ceased operations around mid-last month due to acute liquidity crisis.
Jet Airways is on a time crunch to find investors.
The mail ask SBI Caps for information on the bidding process and Jet Airways' assets and valuation, its debt level, a break-up of its expenses and the amount of equity that will come in if the employees bring in $700 million
After Kamark's exit, only Ashok Chawla and Sharad Sharma remain on Jet Airways board, which ceased operations around mid-April.
These differences could not have cropped up at a worse time. As Jet Airways’ fate rests on a wing and a prayer, and opens up space and infrastructure in the Indian aviation market, Indigo has to decide where it wants to go.
The airfares have risen dramatically on many international routes since Jet Airways suspended its operations on April 17.
These bidders submitted their offers for Jet Airways and the same will now be assessed by the lenders for viability and seriousness to revive the airline, which ended its operations on April 17
Reports suggest that lenders of Jet Airways will begin reaching out to unsolicited bidders for the grounded airline
The amount reflects the magnitude of the issue of non-performing assets (NPAs) in the banking sector.
Indigo has shown strength and moved against market trend, the stock can move higher
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Growth in the number of travellers is also expected to even out to 8-12 percent, due to the steep flight tickets.
As many as 196 orders of the 737 models have been dropped from Boeing's order book in 2019 alone, and there have been 25 sales of single-aisle planes.